SG Americas Securities LLC Lowers Stock Holdings in SolarWinds Co. (NYSE:SWI)

SG Americas Securities LLC cut its stake in shares of SolarWinds Co. (NYSE:SWI) by 19.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,658 shares of the software maker’s stock after selling 5,828 shares during the quarter. SG Americas Securities LLC’s holdings in SolarWinds were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SWI. GAMMA Investing LLC increased its holdings in SolarWinds by 344.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock worth $27,000 after purchasing an additional 1,603 shares during the period. Allworth Financial LP grew its position in shares of SolarWinds by 732.1% during the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock worth $49,000 after buying an additional 3,331 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of SolarWinds by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after buying an additional 1,001 shares during the period. West Tower Group LLC raised its holdings in shares of SolarWinds by 38.3% in the third quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock valued at $94,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in SolarWinds in the second quarter worth about $129,000. Institutional investors own 93.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on SWI shares. Scotiabank raised their target price on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Robert W. Baird boosted their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Royal Bank of Canada increased their target price on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Finally, Wedbush started coverage on SolarWinds in a report on Thursday, December 19th. They issued an “outperform” rating and a $20.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.80.

SolarWinds Trading Up 0.2 %

NYSE:SWI opened at $15.00 on Wednesday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 68.16 and a beta of 0.94. SolarWinds Co. has a 52 week low of $10.14 and a 52 week high of $15.14. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $14.29 and a 200 day moving average of $13.25.

Insider Transactions at SolarWinds

In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the sale, the chief executive officer now owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. The trade was a 8.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.95% of the company’s stock.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.